Is Vitamin Shoppe Inc (VSI) Going to Burn These Hedge Funds?

Judging by the fact that Vitamin Shoppe Inc (NYSE:VSI) has sustained falling interest from the aggregate hedge fund industry, it’s safe to say that there exists a select few funds who sold off their positions entirely last quarter. At the top of the heap, Jamie Zimmerman’s Litespeed Management sold off the largest stake of the “upper crust” of funds followed by Insider Monkey, worth about $32.6 million in stock, and Paul Marshall and Ian Wace’s Marshall Wace LLP was right behind this move, as the fund sold off about $1.8 million worth of shares.

Let’s also examine hedge fund activity in other stocks similar to Vitamin Shoppe Inc (NYSE:VSI). These stocks are Chase Corporation (NYSEAMEX:CCF), NeoGenomics, Inc. (NASDAQ:NEO), Nantkwest Inc (NASDAQ:NK), and AngioDynamics, Inc. (NASDAQ:ANGO). All of these stocks’ market caps are similar to VSI’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $64 million. That figure was $132 million in VSI’s case. AngioDynamics, Inc. (NASDAQ:ANGO) is the most popular stock in this table. On the other hand Nantkwest Inc (NASDAQ:NK) is the least popular one with only 6 bullish hedge fund positions. Vitamin Shoppe Inc (NYSE:VSI) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ANGO might be a better candidate to consider taking a long position in.

Disclosure: None